The rising optimism of a trade deal between the US and China has sent risk assets soaring with indices on Wall Street hitting new records on Monday. However, a section on Wall Street is not very pleased with these developments and that shows in their stock price action.

A group of US-based rare earth miners declined up to 17% on Monday, a day when all four key indices on Wall Street hit and closed at record high levels.

Shares of Critical Metals fell as much as 17% before ending the day with losses of 14%. USA Rare Earth shares fell 8%, while those of MP Materials and Trilogy Metals declined 8% and 17% respectively. Stocks of Energy Fuels and NioCorp Developments also fell 10% and 11% respectively. Most of these stocks are extending their losses during afterhours trade.

Stock Monday's

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